Boris Johnson: Living Wage To Rise By 25p An Hour

London's Living Wage must increase by 25p an hour, to £8.55, Mayor Boris Johnson has announced, worth an extra £4.5m to workers on low wages.

The Living Wage outside London will also rise by 25p to £7.45, compared to the national minimum wage of £6.19.

The Living Wage Foundation will, from Monday, be awarding a "kitemark" to employers who pay the Living Wage - and said it hoped the mark would become as recognisable as the Fair Trade logo.

The Greater London Authority, Barclays Bank, Lloyds of London and KPMG are some of the largest companies who pay their employees and contractors the Living Wage. Lord Coe pledged in 2010 that all those working on the London 2012 Olympics would be paid the Living Wage too.